India export prices stay high on strong demand as local supplies dry up

INDIA – Rice export prices from India have hit their highest level since April 2021, benefiting from firm demand, stretched supplies, and elevated rates in Thailand. This comes at a time when supplies in India are also tightening after New Delhi decided to end its COVID-era free food program and replace it with a cheaper program.  During this price surge,…

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Evonik invests US$27.3M to upgrade German methionine intermediates plant

GERMANY-Evonik, a world leader in specialty chemicals, has invested €25M (US$27.3M) in developing and expanding its methyl mercapto-propionaldehyde (MMP) production plant, an organic compound that is integral in the production of DL-methionine. Evonik, with a presence in more than 100 countries globally, said that the investment in Wesseling, Germany, is in line with its move to strengthen its world-scale global…

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ADM reports 60% jump in full-year profits, forecasts strong crush margins and high demand in 2023

USA- Archer-Daniels-Midland Co, (ADM), a major U.S. grains merchant, has posted an  annual net income profit of US$4.34 billion, a record 60% jump when compared to the same period last year.   The Chicago Illinois-based company ascribed the record growth in profits to robust soy crushing margins and hefty global demand for crops in Q2 that ended Dec 31, 2022.…

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Gavin Hudson resigns as Tongaat Hulett CEO amid delayed business rescue plan

SOUTH AFRICA-Gavin Hudson has resigned as CEO of Southern Africa’s biggest sugar group Tongaat Hulett effective February 28 adding another blow to the company’s business rescue plan. His resignation follows the second postponement of the publication of the sugar company’s business rescue plan by a month according to the group’s business rescue practitioners (BRPs). Tongaat Hulett has been in existence…

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South African prices for frozen potato chips set to fall as anti-dumping duties lapse

SOUTH AFRICA-The anti-dumping tariffs on French fries placed on three European countries by the International Trade Administration Commission of South Africa (Itac) have lapsed creating room for cheaper imports. This means relief to potato consumers according to frozen food importer Hume International. In July last year, concerns were raised about higher prices and even shortages after the International Trade Administration…

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Nambu Group secures funding to upgrade and expand alternative protein production facilities

SOUTH AFRICA- Nambu Group, a speciality in converting food waste into high-value protein feed has secured funding from South African Impact investor E Squared Investments to upgrade and expand its facilities. Founded by Allan Gray Fellow Founder and CEO, Lowell Scarr, Nambu Group upcycles food waste by feeding them to insects which are then converted into high-value protein feed for…

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Almost all of Africa’s maize crop is at risk from devastating fall armyworm pest, study reveals

AFRICA-Fall army warms (Spodoptera frugiperda) continue to endanger the majority of Africa’s maize crops according to new research published in Frontiers in Insect Science journal. This study was conducted by scientists from the University of Minnesota’s GEMS Informatics Center, and CABI’s Dr. Roger Day, Global Advisor, Plant Health. Outbreaks of fall armyworms in Africa were first observed in southwest Nigerian…

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Kenya licenses traders as window open for the importation of 10M bags of duty-free maize

KENYA – The government has issued licenses to private traders to facilitate the importation of 10 million bags (about 900 metric tonnes) of duty-free maize into to the country. Philip Harsame, the Agriculture Principal Secretary said that already licenses have been issued to 20 traders to import white maize and 50 to import yellow maize to reduce the retail price…

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UK funds construction of new US$18.5m potato processing facility in Kenya

KENYA-The UK government has launched the construction of a KS2.3 billion (US$18.5M) production facility for Irish and sweet potato processing in Kenya. The processing facility located in Iten, Elgeyo Marakwet County, will process fresh and frozen Irish and sweet potatoes and is expected to have a capacity of 60,000 tonnes. Once completed, the factory will be the first in the…

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BoMill launches ‘BoMill InSight’ to help millers optimize grain sorting operations

SWEDEN-The Swedish agritech company BoMill AB has launched a grain sorting solution brand BoMill InSight™, the first equipment of its kind, capable of sorting individual grains on their inner properties on a commercial scale. BoMill InSight features advanced grain sorting solution capabilities allowing for segregation of grains kernel by kernel, at an industrial speed of up to 15 metric tons…

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